Nikunj Chhag

Background I am 38 Years old. When I was young a very popular animation series was Richie Rich. A very young rich boy surrounded by coins and money, spending whole day! This image may help you to recollect: I recalled this series today morning when I read the headlines of today's newspaper, here we go: Divya Bhaskar (Ahmedabad edition) date: 18/01/2022 It is in Gujarati language, basically saying: the Riches got richer in last calendar year and poor got poorer! This is almost repeated headline each year and believe me, this is common across the globe. News media outlets tells you WHAT happened. They don't tell WHY this happened?? In Nutshell, Rich got richer and poor got poorer, yet again! and n ews media not telling poor or middle class why this happened? Here is my thoughts based on my experience in personal finance field and interactions with industry stalwarts over the years. Rich people: - Never speculate means never waste their time in short term trading. - Believe in wea...

Background My recent interactions with few of my friends and (seemingly conservative) clients regarding stocks, IPOs, short-term trading and investing provoked me to write this. The people I am doing business related to Personal Finance since 2017 and have personally interacted with at least 250 persons across age groups, genders, cities or villages and geographies.  Few of these people I had categorized as conservative in nature with reference to their knowledge about financial markets and hence their risk taking ability. But in recent past (after 2nd wave of CoVID-19 pandemic in India), two of such interactions were more than enough to pan out my thoughts (based on my experience into the financial markets and with various asset classes). What was common? Both of these friends are 38+ years of age and earning handsomely from their routine day jobs. In the past, I had suggested both of them to start investing regularly in mutual fund SIP for their long term financial goals. On...